The $3.8-million lease deal brings the occupancy at the 19-year-old, 158,107-sf office/warehouse building at 7524 Currency Dr. in the Orlando Central Park industrial submarket to 100%. Bradford-McFadden negotiated for the tenant. John Lee of Seefried Properties represented the owner, AMB Properties.
Bradford tells GlobeSt.com "the hot areas of the industrial market so far have been build-to-suits and building sales." He says there are nine build-to-suit transactions pending in the market with several over 100,000 sf.
"At the end of the third quarter, the industrial market was showing signs of recovery from a leasing standpoint, with a total market vacancy of 11.4%," Bradford says. Compared to 2002, the leasing activity for larger bulk deals in 2003 is "about the same," the broker says.
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